Nigerian Banks Branch Closures 2022-2025

The Central Bank of Nigeria reported a decline of 476 banking branches and cash centres from 2022 to 2025, marking an 8.8% reduction. The most significant losses occurred in Lagos, with 158 closures, while Ekiti State saw a 46.7% decrease in banking locations.

Nigeria's banking sector closed 476 branches and cash centres from 2022 to 2025, reflecting a shift towards digital banking. The number of banking locations fell from 5,410 to 4,934, with Lagos experiencing the largest reduction.

Deposit Money Banks in Nigeria closed a net 476 branches and cash centres from 2022 to 2025, marking an 8.8% reduction in physical locations, according to the Central Bank of Nigeria. Lagos experienced the largest decline, losing 158 locations.